Ultratech Cement reduces cement prices by up to 3%

06/07/2017

Eight states, including Assam, Punjab, Himachal Pradesh, and some north-eastern states, are in the process of abolishing check posts. As the GST converted the entire country into a single market, border check posts have been dismantled by the states, saving precious time for transporters as the trucks spent hours in queues at such outposts.

Speaking to agencies, father Jagdish Prasad, said, "The day Prime Minister Narendra Modi announced Goods and Service Tax (GST) reform as a tax revolution on July 1, my daughter was born".

Speaking on the initial feedback received post-GST rollout, Adhia revealed that the new taxation system has been well received.

The GST was rolled out on 1 July 2017.

A revision in the rate of a pre-packaged commodity after the implementation of GST has to be intimated through advertisement in at least two newspapers and thereafter additional stickers over and above the MRP can be used.

The review was focused on the general situation after the GST implementation and consumer impact of GST implementation in particular.

Secretary of Tamil Nadu Fireworks and Amorces Manufacturers' Association Mariappan said that only 51 major fireworks units out of the 800-odd registered units were paying the Central Excise of 12.5% and others were paying only the value-added Tax (VAT) of 14.5%.

"This has resulted in drastic increase in the cost of food creating a negative impression on GST among people", the minister reasoned. Jammu and Kashmir is the last state to pass the SGST bill. He asked them to contact and coordinate with the State Government officers of their Department to ensure smooth implementation of GST. This committee will also be looking at the problems faced by the different stakeholders under the GST.

The Cabinet Secretary asked all the Departments to ensure that there is no shortage of products and commodities especially consumer items dealt by the respective Ministry/Department in order to keep the prices under check.

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